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Energy

Iraq seeks backup options for West Qurna 2

As a sanctions deadline looms, Basra Oil Company is poised to manage the 480,000 bpd field while Lukoil continues negotiating to sell its stake.
A ceremony at the West Qurna 2 oil field in Basra to mark the opening of two new well complexes on June 1, 2023. (JASSIM AL-JABIRI/Iraq Oil Report)
Oct 24, 2008

Iraqi oil exports slide since May but turnaround expected

Plus: *Turkey state oil firm holds Iraq oil deal talks in Japan *Samarra power station gets fast-track *Emir of Anbar's Dulaim tribe talks elections *West Point report: Iran more successful in political infiltration than militias *Babylon security now in Iraq's hands *Inside the mind of the PKK *Christians, minorities fear in Iraq *That's Not Tea! […]

Oct 21, 2008

Iraq oil law getting pushed by longtime supporter

Plus: *Japan, Turkey team up for Iraq oil and gas bid *CNPC starts Ahdab work *Oil price drop sparks budget changes *Oil smugglers arrested *new video--Alive in Baghdad: Two Families Survive Iraq's Militias *Basra port privatization begins *The Iraq Press Roundup *And much more A lawmaker from the parliament’s commission of power on Tuesday said […]

Oct 15, 2008

U.S. report: old Iraq southern oil pipelines could break

Plus: *KRG denies DNO export permit rumor *Kirkuk gas pipeline blast not affecting oil exports *Details on the Iraq oil and gas bidding process *Bush cuts Iraq oil grab ban from defense bill *Alive in Baghdad: A fuel crisis? *Top McCain official wanted Saddam off rogue list to secure oil deal *Iraq Press Roundup *Much, […]

Oct 13, 2008

Iraq begins oil and gas field bidding process for international oil firms

Plus: *Turkish special envoy in Baghdad for PKK talks with Barzani *Iraq aims at 2008 provincial elections *Finance Minister blasts budget surplus critique *Iraq Press Roundup *Much more Iraq's Oil Ministry announced most of the details 35 of the world's largest oil companies were waiting for as the country begins to open the third-largest proven […]

Oct 9, 2008

Four days until Iraq oil and gas fields unveiled to international oil firms

Plus: *More details ahead of the roadshow *Kurdish national MP says oil law moving *KRG minister says natural gas to provide power for Kurds, industry and all of Iraq *Barzani heads to Baghdad for talks soon *Oil Search starts drilling *Shahristani talks pipeline plans *U.S. report warns of upcoming ethnic violence *Turkey readies for incursion […]

Oct 6, 2008

Dana and Crescent start gas production in northern Iraq

Plus: *Egypt sends Oil Minister for cooperation talks *Missan province oil products depot is underway *Turkey restarts northern Iraq bombings after PKK attack *Iraq's brightest stars can't shine in their homeland *Hakim starts campaigning *Iraq Press Roundup Iraq’s Kurdistan region is producing gas from projects signed with partners Dana Gas and Crescent. Gas is being […]

Oct 3, 2008

Iraq to offer 82 percent of proven oil reserves to international oil companies

Plus: *Premier out of bidding for various, unconfirmed reasons *Talabani, Aso discuss oil ties *Sterling dishes KRG oil stakes to Korea, Addax *Electricity minister explains set backs, signs deals with GM and Siemens *Much, much more Iraq’s Oil Ministry Oct. 13 will not only take a major step forward to bringing foreign oil companies into […]

Sep 26, 2008

Petrel makes case for ‘Little Oil’ in Iraq

Plus: *Petrel also says Oil Ministry agrees to payment, ditches Kurdish partner *Confirmation and details of KRG-South Korea oil investment *Fields in second oil and gas bidding round discussed *Kanaqin residents say fight is over oil, future in Iraq *Alive in Baghdad: Sadr City vs. the Walls *Food rations to be cut *Election rules ban […]

Sep 25, 2008

Iraq’s Kurdistan Regional Government signs oil exploration deal with South Korea

Media reports from Seoul say a Korea National Oil Corp.-led consortium has signed oil contracts with Iraq's Kurdistan Regional Government. The contracts were not verified by the KRG, which typically issues announcements when oil contracts are signed, Ben Lando reports for United Press International. It has signed more than 20 production-sharing contracts since 2004, despite […]

Sep 24, 2008

Iraq–China oil deal made final next week

Plus: *Progress on another joint venture, this time for oil drilling *What the passage of an election law means *Iraq Press Roundup An Iraqi oil ministry spokesman says Iraq and China will finalize a US$3 billion oil agreement next week. Assem Jihad says a Chinese delegation will visit Baghdad to sign the deal, The Associated […]